When it comes to how well the financial crisis has been navigated, not all investment banks are equal – but some are a lot less equal than others. After comparing the performance of the investment banking industry between the heady days of 2006 and the post-crisis world of 2011 some clear winners and losers emerge.
JP Morgan, at the top of the pile, emerges as the clear winner from the past five years. In 2006, JP Morgan investment bank ranked a lowly eighth in the Wall Street league table of revenues from investment banking, sales and trading, with $17.2bn, behind the likes of Goldman Sachs, Deutsche Bank, Citi, Morgan Stanley, Credit Suisse and UBS. With pre-tax profits of $5.9bn, it didn't even qualify for the top five.